ShopBack stashes US$80 million more in IPO war chest

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Hello reader,

And just like that, we’re halfway through 2022.

I don’t know about you, but it feels like the year only began yesterday. Regardless, I hope you’re having a good start to the second half of 2022.

One company that’s kicking off its H2 with a bang is Singapore-based ShopBack. It recently secured US$80 million in its latest funding round, and some of that amount will reportedly go into making the shopping and rewards platform IPO-ready.

Speaking of which, we recently published an analysis of ShopBack and its upcoming public listing. You can read all about it here.

Image credit: Timmy Loen

You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.

Let’s dive into the biggest deals and M&As that recently took place.

The biggest deals by country

🇨🇳 CanSemi: The Chinese semiconductor chipmaker raised US$672 million in strategic investment from CMB International, GAC Capital, GF Securities, Guangdong Semiconductor and Integrated Circuit Industry Fund, Walden International, and Yingke PE.

🇮🇳 Shubham Housing Development Finance Company: The Indian loans provider got US$112 million in series E funding from Asian Development Bank, British International Investment, LeapFrog Investments, and Premji Invest.

🇯🇵 LegalForce: The Japanese firm, which offers an AI-powered platform for reviewing contracts, secured US$110 million in series D money from Goldman Sachs, Mitsubishi UFJ Capital, Mizuho Capital, Sequoia Capital China, SoftBank Vision Fund, and World Innovation Lab.

🇸🇬 ShopBack: The Singapore-based shopping and rewards platform bagged US$80 million in series F funding from Asia Partners and January Capital.

Lists of most active investors in the region